This post about ripple and its cryptocurrency coin XRP, which is considered as one of the stable cryptocurrency then other. Ripple is company who developed a open source platform called XRP.
1. WHAT IS RIPPLE AND XRP????
Ripple is a rtgs(real time gross settlement system) network developed by ripple which work So ripple and XRP are not the same. Ripple is a platform which work on a currency called XRP.
2. WHAT IS MARKET CAPITILIZATION OF XRP???
As of december 2017 the market capitilization of XRP is $51 billion.
3. DOES THE SUPPLY OF XRP IS UNLIMITED???
No XRP is limited just like as bitcoin. XRP is deflationary currency which means after each transaction small amount of XRP is permanently lost. After each day supply of XRP will shrink as oppose to bitcoin which remain same.
3. WHO HOLD MAJORITY OF XRP???
Ripple own more than 60 billion XRP out of 100 billion XRP. Ripple don't have any other coin in dovelopment, XRP is the only coin ripple have. Ripple can dump 1 billon XRP per month.
4. DOES BANKS USES RIPPLE???
Yes nearly 70 banks are experimenting with ripple XRP to exchange one currency to another. Some say ripple will replace SWIFT, the current system which banks use to transfer funds.
5. DOES BANKS FEAR ABOUT XRP VOLATIBILITY????
No, The time for which banks are exposed to XPR is very short which is just few second as compare to minutes in case of bitcoin. That time is that much short and increment and decrement is not experienced in the network.
6. XRP vs bition.
XRP can process 100s of transaction per second because of its simplicity. As more people move to digital currency and volume increases surely XRP is the winner.
According to a tweet by CEO of ripple Garlinghouse, XRP takes an average of 3.7 seconds to transact, while Bitcoin averages for hours.